Highfields Capital Management’s United Parcel Service UPS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-2,927,510	Closed	-$308M	–	83
2013 Q4	$308M	Hold	2,927,510	–	–	2.5%	8
2013 Q3	$267M	Sell	2,927,510 -1,160,000	-28%	-$106M	2.11%	11
2013 Q2	$353M	Buy	+4,087,510	New	+$353M	2.93%	9